14.02.2011 - Copper mart deficit seen running through 2012
From Resourceinvestor.com: Copper production is likely to continue to fall short of demand into 2012 and possibly 2013, driving prices to an average of $9,200 per tonne this year and $10,000 per tonne next year, an analyst with Standard Bank said. Walter de Wet, head of commodity research for the Johannesburg-based banking group, said strong demand in emerging markets and especially China was driving pricing. “We expect demand to increase in all regions, even in developed markets, not because growth is so strong but simply because they are coming from a low base,” he said..............................................Full Article: Source
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